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Jakarta
Friday, September 21, 2018
JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the financial deficit of the Health Social Security Organizing Agency. The agency has experienced a Rp1.64 Trillion (US$113.10 million) deficit in this year. The amount of cigarette...
JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the Gross Domestic Product (GDP). This figure has decreased compared to the projected deficit in the 2018 State Budget of 2.12 percent of the GDP. Head of...
JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut imports tax deductions would not have a significant impact on improving the current account deficit (CAD) in the near future. Chaves assessed that the steps taken by...
JAKARTA (TheInsiderStories) - Good morning. The most important development from Thursday (20/09) was the revelation that President Joko Widodo has signed a Presidential Instruction that puts a three-year ban on palm oil plantations licenses, a move that is unlikely to be popular among the palm oil industry, one of the most...
JAKARTA (TheInsiderStories) - Indonesian General Election Commission (GEC) officially determines Joko Widodo-Maruf Amin and Prabowo Subianto-Sandiaga Uno as definitive presidents and vice presidents candidates in 2019 Presidential Election. "Plenary session of General Election Comission determine two pairs of candidates who have registered to us, namely Joko Widodo-Maruf Amin, and Prabowo Subianto -Sandiaga...
JAKARTA (TheInsiderStories) - Indonesia' President Joko Widodo signed a Presidential Decree Number 24 Year 2018 concerning the National Team for Increasing the Use of Domestic Production. The policy is part the government plant to reduce import costs. The existence of this team carries out the provisions of Article 73 paragraph 2 of...
JAKARTA (TheInsiderStories) - Indonesia' parliament approved the government planned to inject capital for state-owned power producer PT Perusahaan Listrik Negara (PLN) and toll operator PT Hutama Karya with total amount Rp17 trillion (US$1.17 billion). In details Rp6.5 trillion for PLN, while Rp10.5 trillion for Hutama Karya. PLN Finance Director Sarwono Sudarto...
JAKARTA (TheInsiderStories) - Indonesia General Election Commission (GEC) will determine definitives president and vice president (VP) candidates for 2019 Election today, said the commissioner on Thursday (20/09). The agency will also determine the definitives final candidate of legislative member this afternoon. The GEC' commissioner Viryan Azis said, the determination of definitive candidates...
JAKARTA (TheInsiderStories) - High oil prices and weak external demand are likely to persist over the near term, and greater United States (US) - China and US - Japan trade tensions increase downside risks for Japan’s exports. The Samurai country’ trade balance recorded a deficit of JPY445 billion (US$400 million) in August...
JAKARTA (TheInsiderStories) - Indonesian government through the Ministry of Energy and Mineral Resources (MEMR) decided to auction the West Kampar Block because one of the rights holders is declared bankrupt and no contractor is interested in managing it, said one official government on Wednesday (19/09). West Kampar Block is located in Riau...

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Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...